Hmm, methinks that it is an idiot who thinks that $800 a ticket is less than $99 a ticket.
And methinks that it is an idiot and a totally simplistically minded moron who interprets that statement from what I have said. Fortunately I believe you cannot be so stupid as to believe that that is what I said so I conclude you are merely being deliberately belligerent.
Please explain why selling tickets for as much as you can possibly get results in lower prices than capping the amount at $99.
Because there is no availability at $99. Let's suppose for the sake of argument that scalping was illegal and enforced and anyone that scalped a ticket would get struck down and killed by a bolt of lightning the moment they did it. Face value of a Super Bowl ticket is $500. How many $500 Super Bowl tickets do you think you're going to have access to...? The answer is simple:
ZERO. But when I wanted to go to Super Bowl 39 to see the Patriots, I had access to tickets. Anyone that wants to go can go - they just have to pay what the market values the tickets at. They cost me $5,000 on the open market and I freely paid that amount because it was worth it because $5,000 isn't that much to me. But if there's no open market then I can't go because I have zero availability.
As a consumer I have benefitted from the simple fact that the tickets are available to me on the open market whereas there is
zero availability without the open market. Now sure... the 95% of the population that can't afford to spend $5,000 on football tickets whines and screams and moans about how unfair the system is... they are jealous of the people that can afford to pay that much and they are also jealous of the dude who just made $4,000 profit for doing nothing. But that's what we call capitalism.
You can believe in uncontrolled supply and demand all you want, but don't say it results in the best consumer prices.
You're putting words in my mouth. I didn't say it resulted in the best consumer prices. But what it does do is allow the marketplace to set the price. Consumers benefit from this system because without this system in place, there is simply no availability of premium tickets at all.
I know the unemployed morons amongst us who live in their mommy's basements hate the fact that other people have more money than they do, and think it's really really really unfair that people get to buy things that they can't, but that's the system in which we live. If you don't like it, feel free to emigrate to nice communistic countries like Vietnam or Cuba.
The logical flaw you people are employing is you foolishly believe that if scalping is illegal and enforeced, then there will be plenty of tickets available for everyone at face value. That just ain't the way the world works.